AECOM Technology Corp PT Raised to $40.00 at Barclays (ACM)
Research analysts at Barclays lifted their price objective on shares of AECOM Technology Corp (NYSE:ACM) from $35.00 to $40.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target suggests a potential upside of 14.29% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at DA Davidson raised their price target on shares of AECOM Technology Corp from $35.00 to $38.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at BB&T Corp. upgraded shares of AECOM Technology Corp from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $40.00 price target on the stock. Finally, analysts at Argus reiterated a “buy” rating on shares of AECOM Technology Corp in a research note on Monday, July 7th. They now have a $38.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $36.56.
Shares of AECOM Technology Corp (NYSE:ACM) remained flat at $35.00 during during mid-day trading trading on Thursday. 1,947,643 shares of the company’s stock traded hands. AECOM Technology Corp has a one year low of $27.35 and a one year high of $37.00. The stock’s 50-day moving average is $32.69 and its 200-day moving average is $31.51. The company has a market cap of $3.474 billion and a P/E ratio of 14.14.
AECOM Technology Corp (NYSE:ACM) last announced its earnings results on Tuesday, May 6th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.47 by $0.06. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that AECOM Technology Corp will post $2.48 EPS for the current fiscal year.
In other AECOM Technology Corp news, Director Richard G. Newman sold 39,931 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $34.67, for a total value of $1,384,407.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AECOM Technology Corporation (NYSE:ACM) is a provider of professional technical and management support services for commercial and government clients around the world.
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